# Time Value of Money Calculator: Introduction

The Time Value of Money Calculator can be used to perform many time value of money related calculations including the calculation of the Present Value or Future Value of a single cash flow or annuity, the Annuity Payment given the Present or Future Value of the annuity, and the Nominal Rate which an investment must earn to grow to a Future Value in a specified number of Periods. The calculator works similarly to the Time Value of Money functions of the Texas Instruments BA II Plus calculator.

**Present Value Field**- The Present Value is displayed or entered in this field.**Payment Field**- The Annuity Payment is displayed or entered in this field.**Future Value Field**- The Future Value is displayed or entered in this field.**Nominal Rate Field**- The Nominal Interest Rate is displayed or entered in this field.**Periods Field**- The number of Periods is displayed or entered inthis field. When the Future Value is non-zero the number displayed in this field represents the number of periods in the future in which the Future Value occurs. When the Payment Field is non-zero the number displayed in this field represents the number of annuity payments.

**Compounding Field**- The value selected in this pop-up represents the Compounding Frequency of the Nominal Interest Rate. For Annuities, it also represents the Frequency of the Annuity Payments.**Buttons**- Press these buttons to calculate the corresponding value.**PV Button**- Press to calculate the Present Value.**PMT Button**- Press to calculate the Annuity Payment.**FV Button**- Press to calculate the Future Value.**Rate Button**- Press to calculate the Nominal Interest Rate.**Periods Button**- Press to calculate the Number of Periods.

Now you are ready to use the Time Value of Money Calculator.

© 2002 -2010by Mark A. Lane, Ph.D.

Category: Annuity

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